EquityPandit’s Outlook for ICICI Bank for the week (April 01, 2019 – April 05, 2019):
ICICI Bank Ltd.
BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS
Stock closed the week on optimistic note gaining +1.85%.
Week Higher: 400.00
Week Low: 383.50
Week Variety: 16.50
Technically on the everyday charts EquitPandit’s analyst see minor assistance on the downside for ICICIBANK at 380- 377 levels, whereas minor resistance on the upside is capped about 405-407levels.
If ICICIBANK breaches minor assistance on the downside and closes beneath it we might see fresh breakdown and stock might drag towards subsequent main assistance levels reduced side about 355- 360 if ICICIBANK breaches minor resistance levels on the upside and closes above it we might see fresh breakout and stock can head towards main resistance levels placed about 425- 435.
At present trend for the stock is bullish as stock trading above 200 days exponential moving averages. EquityPandit predicts ICICIBANK variety for the week is observed from 425- 435 on upside & 355-360 on downside.